Digital Transactions Authoritative, insightful and timely information for payments professionals
• Bank of America Corp. said its debit card purchase volumes totaled $71 billion in the third quarter, up 2.5% from $69.3 billion a year earlier. U.S. credit card purchase volume increased 2% to $57.6 billion. BofA said it now has 21.3 million mobile-banking users, a 15.8% increase from 18.4 million in 2015’s third quarter.
• Processor First Data Corp. introduced a Bluetooth-based payment card reader to its Clover point-of-sale line called Clover Go that can handle EMV chip and magnetic-stripe cards, and contactless near-field communication (NFC) transactions.
• Testing lab Galitt announced it added testing capabilities for American Express Quick Chip, Discover Quick Chip, MasterCard M/Chip Fast, and Visa Quick Chip to its KaNest-ICC EMV Level 3 Terminal Test Suite.
• Payment technology provider ACI Worldwide Inc. opened a data center in Ireland to service its European clients.
• Affirm Inc. said its service, which allows users to buy online with credit, has been adopted by bicycle manufacturer Giant USA, which has just added online-shopping capability to its Web site.
• PayPal Holdings Inc. co-founder and billionaire venture capitalist Peter Thiel plans to donate $1.25 million in support of Republican presidential candidate Donald J. Trump, The New York Times reported.
• Cloud-based payments-platform provider i2c Inc. announced it is working with Kiwibank in New Zealand to add capabilities to the bank’s prepaid gift and travel card programs.
